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to the deficit, they say, and it needs to be part of the deficit. the opposing view of durban says social security is not in a crisis. back to our question for our viewers. how would you fix your school system? david in kansas, an educator, republican line. caller: i just want to say i am an educator. i'm not republican. i would make education a completely free market good. i would get rid of compulsory school attendance. --would get rid of taxation a i think you need a wall that separates the government and education, just like we have a separation between government and religion. host: ok. june in wisconsin, independent. caller: hi. you know, the baby boomers got the last excellent, well-rounded public-school education. it was based on the basics -- proper english, writing. for whatever reason, somebody decided -- and i saw a teacher wrote an article on why we have to write all these rules in english, such as "i before e" in english. i thought, are you kidding me? for some reason somebody said, "whatever you think it is, and johnny." it's ridiculous. there's nothing wrong with people un
when people first signed that pledge, the federal budget deficit was $220 billion. this year, $1.1 trillion, how can you say nothing has changed? >> lots have changed. bush focused not on spending. the pledge only does certain things. the pledge makes tax increases more difficult at the state level, at the national level. you haven't had a republican vote for income tax since 1990 when bush threw away his presidency. 1993 tax increase, only on democratic votes. then no tax increases until 2009 when obama came in and raised taxes with obamacare. >> isn't this -- you are having republican is take a difficult pledge to cut taxes, isn't that like a quarterback saying they like taxes? >> it's a pledge not to increase taxes. people say why don't you toughen it. you don't want to change it because it is a simple guardrail. it doesn't solve the world's problems, it says no net tax increase. >> in your mind when someone signs it, how long are they committed to it? >> in writing when the person signs it as long as you are a congressman or senator. >> you are signing this for life? >> unles
no problem. medicaid no problem. i don't know, one trillion deficit no problem. >> markets are falli ining dean. take a look. i don't understand this. attitude. i'm not hearing it from the president. no, first of all, interest rates are low because we have had a weak economy. as far as the debt goes, listen to dean, i'm sure that he believes that the only real problem phafacing the country a the capitol gains. i think we do have a debt problem i think we have a big debt problem. the numbers in the 20s, 30s, look horrifying and we have a huge job and growth problem. i don't understand how taking dividends from 15-43 creates jobs that closes that. >> i don't see spending cuts. it won't matter. the economy collapsed and the housing bubble collapsed. make them pay zero taxes. the search goes inside out. none of it finds that it will create any of those jobs. the government has no choice. >> that is quite an experiment. that you are willing to run with 1 or 2%. from 15 to 25. we are going to taking it from 15 to 30. >> we have been there. >> you are taking the rate on capital which we have the
. this agreement cuts the deficit by a trillion dollars, and it lays the groundwork for much more in the near future. we look forward to the work on the committee to make sure that millionaires and billionaires and corporate jet owners and people who have those yachts who get tax benefits, oil companies who get these huge tax subsidies, that that in the mix of thinking what goes on, that's what this select committee's going to be about. we need to do more for families. the number one job we have as a congress must be creating jobs for the american people. we, there are a number of things we're going to do. senator schumer's going to address that in a few minutes as to what jobs agenda we have. today we made sure america will pay its bills, now it's time to make sure that all americans can bay theirs. senator durbin? >> with this vote of 74-26, we have averted a crisis. america has avoided defaulting for the first time in our history on our national debt. the fears and concerns of americans across the board were considered by this congress, and as a result we've come together on a bipartisan b
.m. majority whip dick durbin will talk about the so-called fiscal cliff and deficit reduction at the center for american progress. fiscal cliff, a combination of those expiring tax provisions and budget cuts that could take place the beginning of the new you. they include the bush-era tax cuts and sequestration. live coverage starts at 1130 eastern also on c-span. we are likely to about the fiscal cliff during the senate session today getting underway at 10 a.m. eastern, just over a half hour from now. after the gavel and majority leader reid will be recognized to speak and will likely outlined the schedule for the day which could include debate on defense programs and policy, and possibly legislation to do with equal rights, people with disabilities. centers will us from 12:30-2:15 eastern for weeks the party meetings. live coverage of the senate and members gavel in right here on c-span2. right now some debate from the floor of the senate yesterday between majority leader reid and republican leader mitch mcconnell. d, w they talkede about potentialit't changes to filibuster rules. here's
this -- that is working, the employee does is retired, and his benefits. which would cut down the deficit, cut down just about everything you could think of perry taxes in half, property taxes would be cut. you would have a whole new system. guest: there are certainly a whole range of proposals like this on the table, to shift money around, especially money that has not been spent in the last decade on the wars. there are a whole range of things that can be done. the current situation, running annual deficits in the neighborhood of $1 trillion, it is quite clear there is going to have to be a whole range of things that is going to have to be done to get the whole -- the number down to something more palatable. host: pensacola, florida, republican. go ahead, laura perry -- laura. caller: first of all, if $1.20 trillion, right, it is over 10 years. is that a real cut or is it a cut in the projected increase? guest: it is a cut in the baseline, so the projected increase. a very good point. in one year, 2009, we increased spending by almost $1 trillion. it was not just a one-time shot. so, we can't cut it i
is on an unsustainable path. the budget deficit, which peaked 2009, is expected to narrow further in the coming years as the economy continues to recover. however, the cbo projects that under a possible such a policy assumptions the deficit could still be greater than 4% of gdp in 2018, assuming the economy has returned to its potential by then. moreover, under the protection, the deficit and the ratio of federal debt to gdp would subsequently returned to an upward trend. we should all understand that long-term projections of ever increasing deficits will never accept underpass because the willingness of lenders to continue to fund the government can only be sustained by a responsible fiscal plans and actions. a credible framework to set a better fiscal policy, one in which the ratio of federal debt to gdp aventurine stabilizes or declines, is urgently needed -- and eventually stabilize or declined, is urgently needed to maintain stability. even as policy-makers address the urgent issue of longer run out stability, they should not ignore a second key objective, to avoid unnecessarily adding to the he
budget is on an unsustainable path. the budget deficit which peaked at about 10% of gdp in 2009 and now is 7% of gdp is expected to narrow further in the coming years as the economy continues to recover. the cbo projects that under a plausible set of assumptions, the budget deficit would still be greater than 4% of gdp in 2018, assuming the economy has returned with potential by then. moreover, under the cbo projection, could deficit and raise your federal debt to gdp would subsequently returned to an upward trend. we should all understand that long-term projections of ever increasing deficits will never actually come to pass because the willingness of plunder to continue to fund the government can only be sustained by irresponsible fiscal plans and actions. host: that was ben bernanke at the economic club of new york yesterday. looking for your confidence in the u.s. economy. already getting some comments on facebook -- abroad we are taking your comments on twitter, facebook, and calls. we start with joseph from maryland on the democratic line. thanks for joining us. caller: good morni
a dent in the deficit or the national debt. the government is a ravenous beast. jon: that is the point, that monica makes. even if you take the tax rates back for the richest americans to where president obama says today really should be, you're really not going to take care of the national debt in a significant way. >> no, you're not. but, you know, these republicans that talk about this today, most of them voted in the senate and the house for the medicare prescription drug plan under or george bush. that exploded the deficit tremendously. both of them voted for two wars, even if you think they were necessary, with no offsetting revenue to fund those wars. when you have spending like that that these republicans backed ten years ago, never had a problem with, and all of a sudden now they're saying we've got principles, you know, where were these principles ten years ago? >> first of all, fiscal conservatives like me were screaming at president bush and others who went down -- >> but where was the primary for those people? >> but remember, remember, the deficit that president bush left
should address the drivers of the deficit and social security is not currently a driver of the deficit. >> they made that abundant ly clear. when they say entitlement reform it does not include social security and what they define it as. grover norquist is having to defend himself after several prominent senate republicans indicated a willingness to break his famous pledge, arguing republicans who agree to tax hikes just like they did under president bush. >> it is important that the republicans don't have their fingerprints all over the murder weapon, their fingerprints all over a lousy budget deal with tax increases and no real spending, just as happened to republicans in 1990 which cost us the presidency in '92. >> "the wall street journal" defends norquist today writing, quote, the voters are smart enough to know that republicans who focus on mr. norquist are part of the problem. interesting calling out those republicans by the wall street editorial. norquist is a bit of a media creation. remember this. he's an easily digestible symbol of ideological purity. the people who actually
and the deficit. mr. carney says, quote, the american people matter in stopping the fiscal cliff and budget cuts that will take effect in january if congress doesn't act. >> ok. good afternoon, ladies and gentlemen. welcome to the james s. brady white house briefing room, i believe we have some visitor fres this united arab emirate here, i want to welcome you and thank you for being here. i have just a couple of thins i want to announce at the top, some of which you know about, others you may not. today, as enge you know they can president is meeting with small business owners -- let me back up. it is not happening right now. i believe it happens -- 2:30 i'm reliably informed. he'll be meeting with small business owners as part of discussing with them the importance of extending tax cuts for the middle class or 98% of american taxpayers because of the impact that raising taxes on 98% would have on businesses around the country. he will also discuss with them the measures that he has put forward to assist small businesses, including hiring tax credits and the like, that will help the engine of ou
about cutting the nation's deficit. >>> susan rice, who is the front-runner to be the next secretary of state, is back to capitol hill for more meetings with some of her harshest critics. the topic this time, her comments after the attack on the consulate in libya on september 11th. tahman bradley has the latest from washington. >> reporter: u.n. ambassador susan rice faces more tough diplomacy on capitol hill. rice is the leading candidate for secretary of state in president obama's second term. but prominent gop lawmakers are trying to stop her from getting the post. saying she misled the public about the attack on the consulate in libya. in meetings yesterday, rice tried to smooth things over. it didn't work. >> the concerns i have are greater today than they were before. and we're not even close to getting the basic answers. >> we are significantly troubled by many of the answers. >> reporter: five days after the attack and a round of tv interviews, rice placed blame on an anti-muslim video. >> it seems to have been hijacked, let us say, by individual clusters of extremists. >> r
that there is a relationship between guns and butter, that even though this is a wealthy nation, we cannot run deficits of a certain sort. we have to move the fighting and that would have consequences for his domestic program. he then johnson in the most liberal administration is very clear on this, that you just could not spend limitlessly and he knew that this war was going to impinge on his domestic agenda and virtually everybody. this is well understood. >> guest: it did. didn't really affect spending in 1965. i do want to maintain a 65 is the worst year of the war. not all that many americans actually died -- died in 1965. so if they say from 23,284,000 after 400,000, which was a terrible year, to 550,000 at the time johnson leaves office in 1969. so even that is not enough to win the war. >> that's fairly clear. what also strikes me as interesting is that we think of the war opposition as starting in a way in which there was no war, if there's no student there's no opposition to the war. but what is also striking in your book is how there was a kind of opposition to the war among the chattering c
economic path. barry goldwater said tax cuts yes, the deficit reduction first. you have to baby bells. d. -- pay the bills. in your personal and public life -- you want to have a prescription drug benefits under medicare, that is great, you have to pay for it. you once two wars? you have to pay for them, too. we should understand something about the republican party over the last and years. it has been a big spending party -- it just does not want to pay for any of the spending. a reset of traditional conservatism requires that we be reality-based on the fiscal condition of the country and understand that the years of profligacy now require increased revenue. the notion that we have hundreds of members of congress bound by a pledge to grover norquist as opposed to their oath of office to the constitution -- [applause] is unsettling. we should understand, there is not symmetry between the parties on this question. there is no grover norquist equivalent in the democratic party on this question. it is encouraging to hear speaker banner and republicans talk about the -- speaker boehner and r
francisco championship game 22- 21 over the defending champion mission high. mission erased a 14-0 deficit but lincoln later took the lead for good with a two-point conversion. >>> now, the play of the day of from college basketball. memphis' chris with the alley- oop to team may d.j. stephens who dunked it in but in the end, unbelievable virginia commonwealth upset number 17 memphis 78-65. >> i could watch that all day. >> good luck. >> that was a great play. >> 5:25 now. black friday shopping is going full blast and weave we have team coverage. >> look overhead. lots of shoppers full parking lots all people trying to cash in on black friday deals. coming up we'll hear what those deals are. >> reporter: in daly city retailers opened early for door buster deals but one retailer took a different approach and opened later than usual this black friday. i'll tell you who and why. tell me that i did a good job. tell me we'll always be together. ♪ tell me i've still got it. that our traditions matter. tell me you love me for who i am. that you can't wait to be home. tell me you're glad i've jo
, unbelievable, it is up to half a billion dollars. >> probably going to be as large as the deficit by next week. seems like everyone is buying tickets unless sadly you live in one of those states -- tsk, tsk -- those eight states that don't take part in powerball. >> you should move. >> it is un-american. >> these are some of the many called powerball refugees. many live in california. doesn't allow you to buy powerball. they have crossed the state line into arizona to buy tickets. powerball not played in california, nevada, utah, wyoming, mississippi, and alabama. >> imagine, california, huge state. imagine if they can get in the mix, the jackpot would be incredible. ooh. all that powerball jack pot, the topic of our facebook question yesterday. >> we wanted to know what would you do with all that prize money? vanessa said, buy a home where my family lives, donate to alzheimers research, help those who've helped me, help some homeless people, donate to a veterans home, feed hungry children. why don't you try solving world peace, too, vanessa. that is very altruistic of you. kudos. >> joseph, i
president obama was first elected he talked about how to bring down the deficit and campaign promise to cut it in half and he would do it by focusing on entitlement reform. >> steve: there is the national debt right now. >> gretchen: why doesn't he bring the people to the table and say dick dishin. let's put it all on the table and let's talk about them instead of going out on air force one and getting people to use twitter >> chris: the american society of pensional they have a warning called. if congress does change yourr tax rate, there is a possibility that you might have big changes to your 401 k. last time congress made changes in congress. 70 percent of the 401 k contributions droppped and the worry is people will stop putting in and we'll stop save that is never good. >> brian: we are not supposed to be able to tax that. and we'll be able to get it out when we are 81 years old. and the other stories making news. brand new video out of syria show rebels shooting down a military helicopter. you can hear them chanting allah is great. and the chopper plunges to the ground and first time
assume more and more responsibilities for the states with budget deficits in excess of $1 trillion, what we're going to do is find ourselves at a point where we're going to have to make cuts in programs that are our responsibility. so all i would ask to you do is think about whether or not this is truly a responsibility of the federal government and whether or not we ought to be expanding the program -- well-intentioned, does great work. don't discount that. well-deserved. don't discount that. but is it the responsibility of the federal government? i would actually state to the chairman -- and i'd be happy to have a voice vote on this and not force a vote, because i know the outcome, and we shouldn't waste everybody's time to do that. so with that, i would ask for the yeas and nays and a voice vote and vitiate the vote that's scheduled for 7:00 -- 6:00. the presiding officer: is there objection to that request? href i'm not sure i -- mr. levin: i'm not sure i understood what that request was. the presiding officer: the request was for a vote on the leahy amendment now -- the senator from
deficit with the goals set up plus the one. $6 trillion tax increase or five. particularly since the spending cuts have been agreed to buy none of the democrats. we do know obama included -- he said nice things about simpson- bowles. there are some spending restraints. not a single one of those ideas was put into obama's budget, not one. we know he is not for any of that. when republicans offered to put them into subsequent savings from the budget control act, the democrats all objected. they are officially against every saving -- every saving discussed in simpson-bowles. so, when they spent nine months discussing simpson-bowles, a $5 trillion tax increase and hint at tax reform and spending reform, and when they finally went into the room to see what they came up with, they did not have legislative language which it of taken two weeks and then -- done by staffers. a pilot typewritten -- pile of typewritten pages that the says "all work and no play makes jack a bellboy" if you watch the movie. nothing in nine months. it is not real. people say this imaginary agreement that is not
't say al qaeda or iran or north korea, what he said was the debt and deficit. i think that is exactly right. above all, this is the future. we are not talking about a physical infrastructure, we are talking about our human infrastructure. joel klein is someone who has dedicated the most recent date of his multifaceted career to this. when he is in discovering the best restaurants in brooklyn, he is focused on improving the lot of young people in this country. mostly the other way around. some going to tell you about the time he has dedicated to this issue. about a year and a half ago, i called a condoleezza rice and i said i wanted to do something with me. and i said richard, don't even go there, and i said okay. and so i said before the end of this conversation, you are going to agree to what i'm going ask to ask you. and she said, no way. i said right. we spent a lot of time on all the traditional foreign-policy issues. we are focused on being domestic and what we want to do is report on education. we don't want a piece on everyone else has done. what we want to do is look at educat
he said was the deficit in the state of american society. i think that's exactly right. you can look at questions of the budget. you can look at questions of infrastructure. immigration policy. but above all, education policy. this is the future. we're not talking about her physical infrastructure. and joel klein is someone who's given his most recent phase of his multi-career when he discovers the best restaurants in brooklyn, is focused on improving a lot of young people in this country. it's supposed to be the other way around. so i'm going to tell you how condi has been dedicated to this issue. a year and a half ago i called her up and said convy, i want you to do some thing for me and with me. she said richard coming to b.c. don't even start. i said okay. i said before the end of this conversation come you're going to agree with going to ask you. and she said no way. i said with the council on foreign relations and all of our time working on things like china and mexico and all the traditional foreign-policy issues. we believe the agenda and all things domestic. but we want to d
to reduce the deficit. the question is how to do it. this is an encouraging development. it suggests that republicans are slowly absorbing one of the lessons of the 2012 election which as elections continue to be wown wop in the middle and victory remains elusive for parties that occupy either the far left over the far right. over the years the democratic party has wrestled with the same issues republicans are facing. when i was elected to congress in 1981, crime was ripping apart my district district. i came to washington with a goal of working to pass new laws to crack down on crime. lo and behold i found the democratic congress at the time was literally outsourcing the drafting of crime legislation to the aclu. i have great respect for the views of civil libertarians but at that time the motto was -- quote -- "let a hundred guilty people foe free lest your convict one guilty person." that dominated our party's thinking on crime for better than a decade. our party suffered for it. we didn't standpoint snap out of it until president clinton passed the crime bill in the 1990's. after
Search Results 0 to 22 of about 23 (some duplicates have been removed)